CHAD Fees and Costs — Direxion Daily CSI 300 China A Share Bear 1X Shares
Data updated: 2023-03-31
The net expense ratio is 0.76%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $81K in broker commissions, 0.0591% of average net assets, and portfolio turnover was 0%.
CHAD Fees and Expenses
Annual operating expenses and sales charges of CHAD. Prospectus, as of February 28, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 0.76% |
| Fee waiver | — |
| Net expense ratio | 0.76% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
CHAD Costs Over Time
On $10,000 invested in CHAD, assuming 5% a year before costs, total costs come to $514 over 5 years, cutting the return by 0.86% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.76%) | $80 | $249 | $433 |
| Trading costs (broker commissions) | $6 | $19 | $34 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $514 |
| Value after costs | $10,414 | $11,294 | $12,249 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
CHAD Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0591%
- Total broker commissions: $81K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
CHAD Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS AG | $45K | 55.16% |
| Citibank, National Association | $22K | 27.07% |
| JPMorgan Chase Bank, National Association | $8K | 10.39% |
| BNP Paribas | $3K | 4.22% |
| Bank of America N.A. | $2K | 2.47% |
| Barclays Bank PLC | $562 | 0.69% |
| Credit Suisse Securities (USA) LLC | $0 | 0.00% |
| Goldman Sachs & Co. LLC | $0 | 0.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.